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XJO – Rallies from 5630 Support Level

The S&P/ASX 200 Index finished the week to Friday up 1.6%, the best performing sector was the Utilities sector, up 3.9%. AGL Energy Ltd led the performance rising by 5.0% and the worst performing sector was the Telecoms sector, up only 0.7%. 

The XJO index found support at 5640 early this month and has since rallied to the top end of the trading range, making a high in Friday’s session of 5925.

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Chart – XJO

 

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